SIGN IN SUBSCRIBE

News Update

18th NCB International Conference on cement & building materials, over achieving net-zero emissions by 2070Cus - There is no requirement of any demand being made in the original assessment order for interest u/s 28AA - Interest is automatic: HCe-PoS devices to enable Aadhaar authentication of beneficiary during distribution processIndia demands USD 1.3 trillion climate finance fund for Global SouthAnnual Summit of LeadIT proposes low-carbon industrial transitionGST - Instead of dismissing appeal on ground of alleged failure to submit Board resolution, Appellate authority ought to have spent a few seconds to check the GSTN portal to find out whether the person concerned was registered as an authorised signatory to sign appeal documents - Matter remanded: HCAgriculture Ministry's midterm review urges for speedy execution of Centrally Sponsored Schemes and State contributions over Single Nodal Account balancesAAP releases first list of 11 candidates for Delhi polls in Feb monthST - Adjustment of refund towards outstanding dues - It would require a positive interdiction by a statute or an adjudicatory forum for preventing the department from resorting to an enabling provision under the statute: HCAdani Group denies all charges; says DoJ clearly states these are only allegationsAmerica's sanctions-bazooka spawns billion-dollar lobbying industry in Washington!India unveils AI Data Bank to propel InnovationInflation is no risk to India’s growth story: DEA SecretaryIndia hails resumption of FTA dialogue with UKNY Court indicts Gautam Adani on bribery charge in solar energy dealSignificant progress made under National Logistics PolicyApple offers USD 100 mn investment in Indonesia after ban on iPhoneTRAI takes steps to combat spam calls and SMSAmerican Senate stalls move to block military sales to IsraelCoal import by Thermal Plants & non-regulated sector declines in last 6 monthsAustralian law moots USD 30 mn fine on social media if under 16 users are not kept at arm’s lengthI-T - Bonus shares that have been distributed to assessee without any consideration, does not amount to income: HCUK Parliament okays legislation to re-nationalise rail servicesBlack Money Act - Initiation of prosecution u/S 51 Black Money Act not dependent on completion of assessment proceedings u/S 10 for tax evasion: HCPainting depicting surrealism auctioned for USD 121 million in NYI-T- Absence of any material available on record to have live nexus with information received by AO invalidates re-assessment: HCISRO targeting 10% of global space economy in next 20 years
 
Annual Summit of LeadIT proposes low-carbon industrial transition

By TIOL News Service

NEW DELHI, NOV 21, 2024: UNION Minister of State for Environment, Forest and Climate Change, Kirti Vardhan Singh, together with Swedish Minister for Climate and Environment, Romina Pourmokhtari, co-chaired the Annual Summit of the Leadership Group for Industry Transition (LeadIT), held on the sidelines of COP29 to the UN Climate Change Summit in Baku, Azerbaijan.

The LeadIT Summit brings together the country and company members to discuss low-carbon industrial transition. The objective is to support plans that align heavy industry with the objectives of the Paris Agreement. The summit spotlighted the critical role of transforming sectors such as steel and cement.

Singh underscored India's commitment to advancing the low-carbon transition in industrial sectors. He emphasized the importance of collaborative public-private partnerships and North-South cooperation in fostering an inclusive, just, and sustainable transition of hard-to-abate industries.

Reflecting on LeadIT's first five years, the Minister acknowledged the impactful progress made by members. The India-Sweden Industry Transition Partnership launched under LeadIT 2.0 at COP 28 in 2023, a model for international cooperation, was highlighted as a key mechanism for co-developing technologies, sharing knowledge, and driving the transition of industries such as steel and cement.

A tour de table showcased insights from representatives of countries and companies on industrial low-carbon transition strategies and activities. Mr. Selvin Hart, Special Advisor to UN Secretary General called upon the industry to be the advocates of climate commitments and be vocal about the pre-requisites for action at their end.

The Summit concluded with a call to the global community to strengthen its resolve towards a low-carbon industrial future. Singh stressed that industrial low-carbon transition not only supports climate targets but also creates economic opportunities, jobs, and resilient communities. India remains committed to advancing the industry transition agenda through international cooperation and believes that, together, countries can achieve a sustainable and prosperous future.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Conferment of TIOL Awards 2024. The event was held on October 1, 2024 at Taj Palace, New Delhi

TOP NEWS


AR not Afar by SK Rahman

VISION 360



Technical Session I - Ease of Doing Business: GST on Digital Economy

TII LATEST

TIOLCORPLAWS LATEST